News coverage about Highwoods Properties (NYSE:HIW) has trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Highwoods Properties earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 47.2908796271539 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Highwoods Properties (NYSE HIW) traded down $0.32 during trading on Monday, reaching $51.14. 474,708 shares of the company’s stock traded hands, compared to its average volume of 528,178. The firm has a market cap of $5,313.19, a price-to-earnings ratio of 15.23, a PEG ratio of 3.33 and a beta of 0.88. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.90. Highwoods Properties has a 1 year low of $47.06 and a 1 year high of $53.34.
Highwoods Properties (NYSE:HIW) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.54. The firm had revenue of $180.19 million for the quarter, compared to analyst estimates of $177.15 million. Highwoods Properties had a net margin of 22.02% and a return on equity of 7.09%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. research analysts expect that Highwoods Properties will post 3.38 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Monday, November 13th. This represents a $1.76 annualized dividend and a yield of 3.44%. Highwoods Properties’s dividend payout ratio is presently 119.73%.
A number of analysts have recently weighed in on HIW shares. BidaskClub lowered shares of Highwoods Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Janney Montgomery Scott initiated coverage on shares of Highwoods Properties in a research note on Friday, September 8th. They set a “neutral” rating for the company. Bank of America Corporation increased their target price on shares of Highwoods Properties from $57.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. SunTrust Banks, Inc. set a $52.00 target price on shares of Highwoods Properties and gave the company a “hold” rating in a research note on Tuesday, October 24th. Finally, Edward Jones lowered shares of Highwoods Properties from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Highwoods Properties currently has a consensus rating of “Hold” and an average price target of $54.80.
Highwoods Properties Company Profile
Highwoods Properties, Inc is an office real estate investment trust (REIT). The Company’s primary business is the operation, acquisition and development of office properties. The Company’s segments include Office and Other. The Company owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.
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